KBR, Inc. (NYSE:KBR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,795 shares of the construction company's stock after selling 14,600 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of KBR worth $6,913,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Utah Retirement Systems lifted its stake in KBR by 2.9% during the fourth quarter. Utah Retirement Systems now owns 7,200 shares of the construction company's stock worth $417,000 after purchasing an additional 200 shares during the last quarter. Cetera Trust Company N.A lifted its stake in KBR by 5.6% during the first quarter. Cetera Trust Company N.A now owns 3,767 shares of the construction company's stock worth $188,000 after purchasing an additional 200 shares during the last quarter. KBC Group NV lifted its stake in KBR by 4.8% during the first quarter. KBC Group NV now owns 5,703 shares of the construction company's stock worth $284,000 after purchasing an additional 260 shares during the last quarter. Fifth Third Bancorp lifted its stake in KBR by 25.2% during the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock worth $68,000 after purchasing an additional 275 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in KBR by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 58,515 shares of the construction company's stock worth $3,390,000 after purchasing an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Price Performance

KBR stock traded up $0.17 on Friday, reaching $47.62. 823,811 shares of the company's stock were exchanged, compared to its average volume of 1,387,296. The stock has a fifty day moving average of $52.10 and a 200-day moving average of $52.79. KBR, Inc. has a twelve month low of $43.89 and a twelve month high of $72.60. The firm has a market cap of $6.18 billion, a PE ratio of 15.93, a P/E/G ratio of 0.91 and a beta of 0.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.89.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.10. KBR had a return on equity of 32.55% and a net margin of 4.99%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. KBR's quarterly revenue was up 13.0% on a year-over-year basis. As a group, equities analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, June 13th. KBR's dividend payout ratio (DPR) is 22.07%.

Analyst Ratings Changes

KBR has been the subject of a number of research reports. The Goldman Sachs Group cut KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a research note on Tuesday, May 27th. KeyCorp cut KBR from an "overweight" rating to a "sector weight" rating in a research note on Monday, June 23rd. UBS Group cut KBR from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $66.00 to $54.00 in a research note on Wednesday. Wall Street Zen cut KBR from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Truist Financial reduced their price objective on KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, KBR currently has an average rating of "Moderate Buy" and a consensus target price of $64.14.

Insiders Place Their Bets

In other KBR news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total value of $1,056,200.00. Following the sale, the chief executive officer owned 802,361 shares of the company's stock, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.11% of the company's stock.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.